This topic contains a solution. Click here to go to the answer

Author Question: Based on the following pieces of information, which fast food product do consumers see as the ... (Read 170 times)

sammy

  • Hero Member
  • *****
  • Posts: 818
Based on the following pieces of information, which fast food product do consumers see as the closest substitute for Wendy's Hamburgers?
 
  A) Kentucky Fried Chicken, which has a cross elasticity of 1.70 with Wendy's
  B) McDonald's hamburgers, which have a cross elasticity of 1.01 with Wendy's
  C) Pizza Hut pizza, which has a cross elasticity of zero with Wendy's
  D) Taco Bell tacos, which have a cross elasticity of -1.25 with Wendy's

Question 2

In the above table, what is marginal product of labor for the 2nd worker?
 
  A) 20
  B) 8
  C) 10
  D) 12



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

JaynaD87

  • Sr. Member
  • ****
  • Posts: 368
Answer to Question 1

A

Answer to Question 2

D




sammy

  • Member
  • Posts: 818
Reply 2 on: Jun 29, 2018
:D TYSM


sailorcrescent

  • Member
  • Posts: 334
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

For a complete list of videos, visit our video library